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China Literature Declares 2021 Annual Outcomes
China Literature Restricted, a number one on-line literature and mental property (“IP”) incubation platform in China, as we speak introduced the audited consolidated outcomes for the yr ended December 31, 2021. Complete revenues elevated 1.7% year-over-year to RMB8,668.2 million (USD1,359.6 million). Learn extra PR Newswire
Tencent Music Social Leisure Companies Stoop Overshadows Upbeat Quarter
China’s Tencent Music will pursue a secondary itemizing of its shares on the Hong Kong Inventory Alternate, the corporate mentioned on Monday, after reporting a 15% fall in income at its mainstay social leisure companies enterprise. Whereas most of Tencent Music customers are in its music streaming unit, social leisure companies together with karaoke platforms the place individuals can dwell stream concert events and reveals are its greatest income drivers. Learn extra Reuters
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